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How Often Should You Check Your Credit Report?

Why Is A Good Credit Score Helpful?

What Kind Of Information Will Your Credit Report Contain?

What Can You Do If Your Credit Report Is Wrong?

How You Can Raise Your Credit Score If It’s Low

 

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How Often Should You Check Your Credit Report?

As the old adage goes, “knowledge is power.” For consumers, that knowledge should include a full understanding of their credit report, the score attached to it and how that information is used.

Consumers who know how their credit history affects their everyday living possess a valuable tool. The list of agencies that can use your credit report to determine if they wish to do business with you is endless: landlords, credit card companies, insurance providers, cell phone companies and utilities. Not paying bills on time – or at all – can have negative repercussions on your credit history, causing damage that is not easily undone.

From the very first bank account you’ve ever had, to all of the credit cards you hold, a person’s credit history is a complete synopsis of how you have managed your finances over the course of your life. Whether the history is good or bad, it is prominently displayed within the pages of your financial documentation, otherwise known as your credit report. Financial brokers, credit card companies, financial institutions and even employers can use the information to their benefit and your detriment.

All credit reports contain a three-digit number called a credit score. It ranges from 300 to 850. The higher the number, the more financially secure the individual. Credit scores are generated through a mathematical algorithm that pulls data from a consumer’s credit report and processes it into one handy rating.

So how often should you check your credit report? At a minimum, once annually is recommended, although 3 times or more is ideal.

Thanks to the Fair Credit Reporting Act, all consumers now are permitted to receive one free credit report yearly. There are three credit reporting agencies which track the financial histories of U.S. residents: Equifax, Experian and TransUnion. While it is possible to order reports from all three agencies at once, some consumer experts recommended ordering one from each agency about four months apart. That way, consumers are able to view their report three times a year for free rather than just once.

Another opportune time to check your credit report is prior to any attempt to secure a loan for a large expense, such as a home or a vehicle. Knowing your current standing, and being able to find and correct any discrepancies in your report prior to applying, can help you to receive a more competitive interest rate. If a consumer discovers discrepancies in their credit report, they have the option of disputing them directly through the credit reporting bureau. Each credit reporting agency provides information on their respective websites on how to file a dispute.

If you’ve ever been denied credit – such as opening a new credit card account or taking out a loan – it is best to check your credit report. Inaccurate information may be contained within your credit report which is preventing you from getting credit.

The final and perhaps most important time to check your credit report is if you suspect you are the victim of identity theft. Your credit report will contain any fraudulent accounts opened using your personal information and may be a useful tool for law enforcement to track down the person who has committed the financial fraud. You also will need to be able to list all of the accounts which were not legitimately opened by you in order to have those accounts flagged and removed. If you find errors on your credit report, TopConsumerReviews.com has reviewed and ranked the best credit repair services available today.

How to Get Additional Free and Discounted Credit Reports

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Published:  Fri, 19 Jan 2018 00:00:00 GMT



Trump asked South Korea's president to give him credit for talks with North: report

President Trump Donald John Trump Dems flip Wisconsin state Senate seat Sessions: 'We should be like Canada' in how we take in immigrants GOP rep: 'Sheet metal and garbage' everywhere in Haiti MORE asked South Korean President Moon Jae-in to publicly give ...

Published:  Sun, 21 Jan 2018 07:55:00 GMT



How to Get a Free Credit Report

Your credit report is a history of past and current credit activity. Lenders use it to assess the risk of extending new or continuing credit - everything from credit cards to auto and home loans. If you're looking to apply for new credit, you should ...

Published:  Thu, 18 Jan 2018 06:37:00 GMT



Report: The average consumer has more than $6,300 in credit card debt

Team Clark is adamant that we will never write content influenced by or paid for by an advertiser. To support our work, we do make money from some links to companies and deals on our site. Learn more about our guarantee here. The average consumer has a ...

Published:  Fri, 19 Jan 2018 10:00:00 GMT



Solve These 3 Problems And Improve Your Credit Score Fast In 2018

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Published:  Wed, 17 Jan 2018 08:27:00 GMT



OnePlus website Was Hacked, Credit Card Information at Risk

It is a frequent target of hackers. A number of reports have noted that the attack attempts had come since the first year they used the credit card to purchase items and make payment from the manufacturer's website. Most people blamed OnePlus for the ...

Published:  Sat, 20 Jan 2018 11:39:00 GMT



Treasurer Webb intends to release full credit report in month or two

Lindsay Webb takes oath of office from Toledo Municipal Judge Michelle Wagner on Jan. 10 at One Government Center in Toledo. Lucas County Treasurer Lindsay Webb said Friday she expects to release her full credit report within 30 to 60 days, a disclosure ...

Published:  Fri, 19 Jan 2018 21:22:00 GMT



OnePlus Shuts Down Credit Card Payments After Reports of Suspicious Transactions

Recently, OnePlus was on a roll. The OnePlus 5T is easily the best phone the company has ever made, and just before CES 2018, OnePlus released a rather attractive white color variant for its latest mid-range phone. However, things got derailed last week ...

Published:  Tue, 16 Jan 2018 05:50:00 GMT



OnePlus suspends credit card payments after customers report fraudulent purchases

OnePlus has temporarily shut down credit card payments on its website following reports that customers' payment details were stolen after they bought goods through its online store. The company says it's disabling credit card payments "as a ...

Published:  Tue, 16 Jan 2018 00:17:00 GMT



OnePlus investigating credit card fraud reports

A number of OnePlus customers have reported unusual credit card transactions after buying products from the smartphone maker's online store. And, today, OnePlus announces a formal investigation. OnePlus reveals that the complaints come only from users who ...

Published:  Wed, 17 Jan 2018 16:16:00 GMT



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